Case: Morgan Stanley

Morgan Stanley (NYSE:MS) Sued Over Alleged 401(K) Mismanagement

August 24th, 2016

As it appeared on News Oracle A new lawsuit has been filed against Morgan Stanley (NYSE:MS) that accuses the company of mismanaging its 401(k) retirement savings plan. The plaintiff, who participated in the company’s retirement plan, says that the fees were too expensive. It was also said that the in-house investment funds were performing poorly. […]

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Stocks Gainers/Losers Roundup- JPMorgan Chase (NYSE:JPM), CST Brands (NYSE:CST), Morgan Stanley (MS)

August 23rd, 2016

As it appeared on Seneca Globe Morgan Stanley (NYSE:MS) to close at $30.60 by are knocking up 0.16% with session volume was recorded 6.61 Million. Sanford Heisler law firm partner Charles Field appeared on CNBC’s “Closing Bell” to discuss the firm’s court case accusing Morgan Stanley (MS) of causing “hundreds of millions of dollars” in losses […]

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Morgan Stanley (MS) Sued Over Alleged Mismanagement of 401(k) Plans

August 22nd, 2016

As it appeared on The Street Sanford Heisler partner Charles Field discussed his law firm’s lawsuit against that accuses Morgan Stanley of mismanaging its own employees’ 401(k) plan. Natalie Walters NEW YORK (TheStreet) — Sanford Heisler law firm partner Charles Field appeared on CNBC’s “Closing Bell” to discuss the company’s lawsuit accusing Morgan Stanley  (MS) of […]

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Financial Times, August 19, 2016 – Morgan Stanley sued by retirement plan members

August 19th, 2016

As it appeared in Financial Times Ben McLannahan and Stephen Foley in New York Morgan Stanley is being sued by a group of participants in its retirement plan, accused of gouging them on fees and steering them into underperforming funds managed for profit by the bank itself. The suit is part of a number of […]

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NASDAQ, August 19, 2016 – Mid-Day ETF Update: ETFs, Stocks Lower As Possible Interest Rate Increase in September Unnerve Market Sentiment

August 19th, 2016

As it appeared on NASDAQ Financial Select Financial Sector SPDRs (XLF) was down 0.2%. Direxion Daily Financial Bull 3X shares (FAS) was down 0.8% while its bearish counterpart, FAZ, was up 0.7%. Morgan Stanley (MS) and its board were accused of mismanaging the firm’s 401(k) retirement plan and costing 60,000 employees hundreds of millions of […]

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Plan Advisor, August 19, 2016 – Lawsuit Accuses Morgan Stanley of Self-Dealing in 401(k)

August 19th, 2016

As it appeared in Plan Advisor By Rebecca Moore EDITORS@ASSETINTERNATIONAL.COM | August 19, 2016 The lawsuit also says there were investment options other than proprietary options that underperformed and charged excessive fees. A participant in Morgan Stanley’s 401(k) plan has filed a lawsuit on behalf of approximately 60,000 current and former plan participants alleging the […]

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Chicago Tribune, August 19, 2016 – Morgan Stanley, board accused in suit of 401(k) self-dealing

August 19th, 2016

As it appeared in the Chicago Tribune By Hugh Son and Andrew Harris, (c) 2016, Bloomberg(c) 2016, Bloomberg A former employee says Morgan Stanley knows exactly who should buy its worst-performing funds: the bank’s own workers. That’s the claim behind a lawsuit filed Friday accusing Morgan Stanley and its board of mismanaging the firm’s 401(k) […]

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Washington Post, August 19, 2016 – Court rules for Connecticut state worker fired for smoking pot

August 19th, 2016

As it appeared in the Washington Post ALSO IN BUSINESS ● Morgan Stanley and its board were accused of mismanaging the firm’s 401(k) retirement plan and costing 60,000 employees hundreds of millions of dollars by picking inappropriate and high-priced investments, some of which were managed for the firm’s own profit. The lawsuit, filed Friday in […]

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Morgan Stanley hit with $150 million 401(k) lawsuit for self-dealing and excessive fees

August 19th, 2016

As it appeared on Investment News The wirehouse now joins a growing list of other financial-services companies sued for similar reasons By Greg Iacurci Morgan Stanley was sued Friday by a former participant in the company’s 401(k) plan for excessive retirement-plan fees and self-dealing on the part of the company, which allegedly enriched itself at […]

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Seattle Times, August 19, 2016 – Morgan Stanley accused of mismanaging its 401(k) plan

August 19th, 2016

As it appeared in the Seattle Times By Stan Choe The Associated Press NEW YORK (AP) — Even Wall Street workers are unhappy with how their retirement plans are run. A participant in Morgan Stanley’s 401(k) plan filed a lawsuit Friday in U.S. District Court in New York alleging that it offers investment options that have too-high […]

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